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Microcap & Penny Stocks : AmeriResource Technologies (ARET)
ARET 0.00010000.0%Dec 5 9:30 AM EST

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To: okee-boy who wrote (4970)1/3/1999 10:00:00 PM
From: James Lee Baldwin   of 7609
 
Just a hunch, but I don't think that a company would buy back shares with revenue obtained through issuing more shares. I could be wrong though LOL.

Seriously, 20% of 380 million shares is 76 million shares @ .007 which will run $532,000. Based on what we know about the loans and ARET percentage take on these loans, it will be a while before shares are bought back, unless one of the following happens:

1. Tomahawk gets a handfull of these construction jobs.
2. Cottonwood or Flexweight figures in the picture.
3. The casino opportunity pans out.
4. The NAFTA corridor develops.
5. There is some hydroponics action.

Any of these are strong possibilities and any one of them will move us forward. The bottom line is that one of these has to happen.

James

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